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Show NO CLOUDS II BUSINESS SKI : CM JOTS Optimistic Picture ot Future Painted By Head of Steel Corporation NEW miiK, Oct. 22. Buslnet prospects are unusually bright, both In the fjtolted States and abroad, El- bert H. Gary, head of the United Bl 't i Bteel corporation, declared In an tddrefaa before the American Iron and Steel Ipatltnte, here today. "AlthouTh this Is a time for cobr-agOi cobr-agOi composure and caution." Mr. Jr" Slid, "the business skies are practically without clouds. As always, there may be-" showers from tint- to time, but there is nothing in the at- 1 mosphsre to Indicate the approach of ; dangerous storms."' PRICES TOO llir.TT. "If there xhouhl be a serious reaction reac-tion and depression." he conthv.iefl, "which seems Improbable, it will be the fault of those who are connected With "business operations or others , who. by r. uion of official posit. ons, Improperly interfere, atid not because of any fundamental def Idencies In our resources and opportunities. "Without referring to Individual ease or lines of general bUsinei . I believe in many Instances prices have been outrageously hish This observation obser-vation applies more especially to middlemen, mid-dlemen, so-called, and to smaller departments de-partments of Industry. It also Includes In-cludes employes In certain trades; but It dOSS mu pertain under present conditions con-ditions to the masses of workmen. 1:1 1SON 1 OR CONFIDENT 1 "The present tendency is toward a lower, more reasonable and f.ilu r relative rel-ative basis The difficulty Is found In the fact that every individual Is perfectly per-fectly willing that all others shall make reductions tho larger. the better. Now a general public, particularly those who are neither buyers no- sellers sell-ers to any large extent, will in one way or another bring about a fair and reasonable adjustment of prices. The law of supply and demand will be the principal factor "The people of the I nlted States have reason for confidence in the business busi-ness future. They need not o discouraged dis-couraged nor impatient." Speedy recovery of Industry in Prance and Belgium from the ravagta of war w 13 predicted by Mr. Gary "1 think Prance has one of the best administrations he has ever had." Mr. Oarj continued. "The president is sU-oni;. resourceful, honest and has the confidence of everyone. The cabinet cab-inet is made up of good men. W'e shall see great progress economically, financially and eomerciully during thoj next few years." |